Dakota, MN is an attractive city for those looking to save on rent. The average two bedroom apartment rent is $890 which is much lower than the US average of $1,430. Grocery costs are also competitive, with an index of 100 in both Dakota, MN and the US overall. For those seeking employment, there are many local companies that provide job opportunities such as Dakota Consulting Group, Dakota Medical Center, and Dakota Electronics. In addition to these great employment options, residents of Dakota have access to excellent recreational activities like biking trails, golf courses and outdoor parks. With its low cost of living and wide variety of amenities, Dakota is an ideal place to call home.
Dakota has an unemployment rate of 3.7%. The US average is 6.0%.
Dakota has seen the job market decrease by -3.5% over the last year. Future job growth over the next ten years is predicted to be 24.9%, which is lower than the US average of 33.5%.
Tax Rates for Dakota
- The Sales Tax Rate for Dakota is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Dakota is 7.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Dakota
- The average income of a Dakota resident is $49,132 a year. The US average is $37,638 a year.
- The Median household income of a Dakota resident is $81,875 a year. The US average is $69,021 a year.